A possible sale of U.S. bottled water brands makes sense for Nestlé’s profit and environmental credentials alike. Finding a buyer at an acceptable price will be a challenge, though. The world’s biggest food company said late Thursday that it has put a chunk of its troubled waters unit under review. The business, one of four strategic priorities for Nestlé, has been consistently weak. A low 11.8% operating margin also was a drag on profitability.

Source: Wall Street Journal June 12, 2020 10:30 UTC